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Results tagged with optimization
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user 18817
Mathematical techniques for the selection of a best element (with respect to some criteria) from the set of available alternatives.
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How to find marshallian demand for Leontief Utility with 3 goods. u(x 1 ,x 2 ,x 3 )=min...
I have a utility function
$$u(x_1, x_2, x_3) = \min \{2x_1 + x_3, x_2/2\} $$
I would have assumed that the relationship established is $2x_1 + x_3 = x_2/2$ but my solution manual has it as $$x_1 + 2x …
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